Lionsbridge Wealth Management LLC Takes $415,000 Position in Vistra Corp. $VST

Key Points

• Lionsbridge Wealth Management LLC has acquired a new stake in Vistra Corp, purchasing 2,139 shares valued at approximately $415,000.
• Vistra recently announced a quarterly dividend of $0.226 per share, reflecting an increase from its previous dividend and representing an annualized yield of 0.5%.
• Despite a missed earnings estimate of $0.62, Vistra has received positive ratings from analysts, with an average target price of $229.31 and a "Buy" rating from several firms.

Lionsbridge Wealth Management LLC purchased a new stake in shares of Vistra Corp. (NYSE:VST - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,139 shares of the company's stock, valued at approximately $415,000.

A number of other institutional investors and hedge funds have also modified their holdings of VST. Banque Transatlantique SA grew its holdings in shares of Vistra by 132.0% during the first quarter. Banque Transatlantique SA now owns 232 shares of the company's stock valued at $25,000 after buying an additional 132 shares in the last quarter. HM Payson & Co. grew its holdings in shares of Vistra by 275.4% during the first quarter. HM Payson & Co. now owns 229 shares of the company's stock valued at $27,000 after buying an additional 168 shares in the last quarter. Keener Financial Planning LLC purchased a new position in shares of Vistra during the first quarter valued at $34,000. WPG Advisers LLC purchased a new position in shares of Vistra during the first quarter valued at $37,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Vistra during the first quarter valued at $39,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Insider Buying and Selling at Vistra

In related news, CEO James A. Burke sold 21,355 shares of the business's stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $215.21, for a total transaction of $4,595,809.55. Following the completion of the transaction, the chief executive officer owned 282,597 shares of the company's stock, valued at approximately $60,817,700.37. The trade was a 7.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 590,228 shares of company stock valued at $121,653,740 over the last ninety days. 1.42% of the stock is owned by insiders.

Vistra Price Performance

Shares of NYSE:VST opened at $194.42 on Tuesday. Vistra Corp. has a fifty-two week low of $90.51 and a fifty-two week high of $219.82. The business has a 50-day moving average of $200.46 and a two-hundred day moving average of $176.99. The stock has a market capitalization of $65.87 billion, a P/E ratio of 31.01, a P/E/G ratio of 2.86 and a beta of 1.33. The company has a debt-to-equity ratio of 6.58, a current ratio of 0.90 and a quick ratio of 0.80.

Vistra (NYSE:VST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.01 earnings per share for the quarter, missing analysts' consensus estimates of $1.63 by ($0.62). Vistra had a return on equity of 108.41% and a net margin of 12.90%.The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $5.15 billion. On average, equities research analysts predict that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th were given a $0.226 dividend. This is an increase from Vistra's previous quarterly dividend of $0.23. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, September 19th. Vistra's payout ratio is presently 14.35%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Melius Research raised Vistra to a "strong-buy" rating in a research report on Wednesday, August 20th. Cowen assumed coverage on Vistra in a research report on Wednesday, October 15th. They set a "buy" rating for the company. UBS Group lifted their price objective on Vistra from $207.00 to $230.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Melius assumed coverage on Vistra in a research report on Wednesday, August 20th. They set a "buy" rating and a $295.00 price objective for the company. Finally, TD Cowen assumed coverage on Vistra in a research report on Thursday, October 16th. They set a "buy" rating and a $250.00 price objective for the company. Four equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $229.31.

Vistra Company Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.

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